John Tsang to keep global central bankers posted on Hong Kong

Financial Secretary John Tsang plans to explain the status of Hong Kong under the current pro-democracy demonstration to global central bankers when he attends the annual meetings of the International Monetary Fund and the World Bank between October 10 and 12.

He will meet with US Federal Reserve chairwoman Janet Yellen and other finance officials, Tsang wrote on his blog. He will try to help other countries understand where Hong Kong stands to avoid unnecessary misunderstanding.

Tsang left on Sunday for the meetings in Washington D.C., Ming Pao Daily reported Monday.

In his blog he said he has had a hard time sleeping over the past few days because he is worried about how the chaos resulting from the protest will play out.

Although he is assured that Hong Kong owns a very solid city management system, especially the financial system, he has doubts as to what extent the system can resist a fierce impact. The worst result is there would be a price that no one in the city could afford to pay.

Meanwhile, Executive Council convenor Lam Woon-kwong showed up in Mong Kok yesterday and said the most important thing is holding a dialogue between demonstrators and the government. He hopes there will be no clashes.

Any violence should be condemned, the non-official members of the Executive Council said in a joint statement on Sunday. They urged all demonstrators to leave the streets as soon as possible.

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